SYDNEY: Matador Mining Limited (ASX:MZZ | OTCQB:MZZMF), known as Matador, has announced plans to rebrand itself as AuMega Metals Ltd. The proposed name change is set to reflect the company’s commitment to becoming a premier exploration company in Canada, with a focus on significant gold discoveries.
The change, pending shareholder approval at the upcoming Annual General Meeting scheduled for 30 May 2024, will also include an update to the company’s ASX trading symbol, transitioning from “MZZ” to “AAM.”
Sam Pazuki, Matador’s Managing Director and CEO, expressed enthusiasm for the new corporate identity, citing three core reasons for the shift. Firstly, the new name encapsulates the company’s ambition to scale its exploration efforts, measuring success in millions of ounces (“Moz”) rather than thousands (“koz”). Secondly, feedback from key stakeholders indicated that a rebranding would resonate better and address ESG concerns more effectively. Lastly, the name AuMega Metals reflects the company’s broader focus on a range of metals, including silver, copper, and antimony, beyond its primary gold exploration activities.
With a substantial land package in Newfoundland and the recent option to acquire the promising Blue Cove Copper Project, Matador is poised to become the next significant mining operation in the region. Shareholders are invited to cast their votes on the rebranding initiative at the forthcoming AGM, as the company gears up to forge ahead with its “mega ambition” under a new banner.
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